Thursday’s qualifying hearings mean that two more online sportsbooks will launch in Maryland in the near future, just a week after mobile betting finally got its start in the state.
Two other operators are on track to offer online sports betting in Maryland, which should help boost competition in the state’s recently opened mobile betting market.
On Thursday, the Maryland Lottery and Gaming Control Commission found companies affiliated with Bally Bet and WynnBET qualified for licenses to operate online sports betting sites in the Old Line State.
That approval defers the applications to the Maryland Sports Betting Applications Review Commission (SWARC), which could decide whether to grant licenses to the two bookmakers at a meeting later this month. In the meantime, the two companies are working with employees from the Maryland Lottery and Gaming Control Agency to meet other operational criteria.
“After receiving a license from SWARC, each company must conduct a controlled demonstration to ensure that its systems and internal control procedures are functioning properly,” according to a press release from the Maryland Lottery and Gaming. “Once a company has successfully completed these steps, Maryland Lottery and Gaming is authorized to issue a license allowing the company to begin operations.”
And here’s the press release following today’s meeting of the Maryland Lottery and Gaming Control Commission, where state regulators found @BallyBet and @WynnBET were qualified to hold mobile sports betting licenses. https://t.co/fFcu5DgVjp pic.twitter.com/istr0hZJVa
— Geoff Zochodne (@GeoffZochodne) December 1, 2022
The regulator added that the timeline for launching either Bally Bet or WynnBET in the state has not yet been decided. A Betway-linked application was also on the original agenda for Thursday’s meeting, but it was not on a revised agenda released later in the week.
Still, Thursday’s qualifying hearings mean that two more online sportsbooks will launch in Maryland in the near future, just a week after mobile betting finally started in the state.
Seven operators are already taking bets in Maryland, but 21 have applied for mobile sportsbook licenses, meaning the market will continue to become more competitive. Maryland sports betting law allows for a total of up to 60 mobile licenses to be issued.
Maryland voters approved legal sports betting in a November 2020 referendum. Retail sports betting began in December 2021 in Maryland casinos.